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Dec 12, 2012
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what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with the president to do is use this mandate. redo revenue, which we should. but what keeps us from becoming the country we want to be and damns the future generations is entitlement and spending. when i was 21, my mom died, when i was 22 my dad died. if it wasn't for social security survivor benefits, my sister would have never gone to college. social security is going to fail. when i was 22 we needed the 300 and something bucks we got a month. i'm 57, i have no kids, i could easily give up $400 in retirement from social security to help people who can't. >> as a reality for
what makes us greece? it's not because the tax code is at 35% versus 39.6. what's going to make this country greece, like every other western nation, retiring at 10,000 a day in terms of baby boomer, three workers for every retiree, in 20 years we'll have two. medicare and social security are about $30 trillion underfunded. if you did what tip o'neill and ronald reagan chose to do, reform entitlements, we become the most dominant place on the planet pretty quickly. so what i would plead with...
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Dec 9, 2012
12/12
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WBAL
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>> greece is a perfect example when you continue to borrow from the future, which is what we're doing right now. so if you don't deal with entitlement reform now, if you don't say to people under 50, things are going to be different, what happens is you get to the point where you're in greece and you tell an 85-year-old, you used to get $150 euros a month and now you're not. chris: the medicine is the cure. >> the comparisons between the united states and greece which republicans like to make are so wildly -- chris: what is the apt comparison if this country doesn't get its act together? >> the united states really is unique. we are still the world's store -- chris: can we bank on the fact that we're the currency of the world and we can keep running enormous deficits? >> we have the ability to issue debt in our own currency and make it credibility. nobody else can do that and people keep buying it. two more quick points, chris, about this what we are seeing now. first, the president has taken leadership of his own party, something he really didn't do during his first term and right ou
>> greece is a perfect example when you continue to borrow from the future, which is what we're doing right now. so if you don't deal with entitlement reform now, if you don't say to people under 50, things are going to be different, what happens is you get to the point where you're in greece and you tell an 85-year-old, you used to get $150 euros a month and now you're not. chris: the medicine is the cure. >> the comparisons between the united states and greece which republicans...
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Dec 31, 2012
12/12
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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Dec 11, 2012
12/12
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president and use your mandate to bring this country together to stop us from becoming greece. >> man up. with jim demint leaving, a new poll shows who they wants a his replacement. put your votes in. a very funny south carolinian. the one and only stephen colbert. the comedian miami tops the list. this is an honest poll. 20%. tim scott comes in second. colbert addressed the speculation around his potential candidacy on his show last night. >> there's already a twitter page, facebook, draft colbert website. i can tell you having done a show with him in charleston, he's an absolute rock star in that state. >> yes, i am a rock star in south carolina and not just because i ended my rally there with herman cain by biting the head off a dove. now, my network contract prohibits me from taking on another full-time job, so the sfl senate would be perfect. >>> south carolina senator decie in the seat until the election in 2014. jim demint is leaving next month to head the senator think tank. >>> president obama hasn't made a decision yet on hillary clinton's replacement at the state department
president and use your mandate to bring this country together to stop us from becoming greece. >> man up. with jim demint leaving, a new poll shows who they wants a his replacement. put your votes in. a very funny south carolinian. the one and only stephen colbert. the comedian miami tops the list. this is an honest poll. 20%. tim scott comes in second. colbert addressed the speculation around his potential candidacy on his show last night. >> there's already a twitter page,...
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Dec 7, 2012
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. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, soldiers are setti
. >>> in greece, police fended off protesters launching molotov cocktails. >>> and in the u.s., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive...
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and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president obama i want to play just a little bit of what he had to say. preventing that tax hike as been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra two thousand dollars in taxes next year middle class families can't afford it businesses can't afford it our economy can't afford it today it appears that an agreement to prevent this new year's tax hike is within sight but it's not done there are still issues left to resolve but we're hopeful that congress can get it done but it's not done now as expected he's been criticized by several r
and it's the same thing that we're seeing happening in europe here we've seen it happen in spain and greece these massive austerity programs slashing spending and what's happening to their economies they're shrinking they're shrinking they're shrinking another recession another recession and yet we're about to embark on the same exact austerity here in the united states which is just completely mind boggling yeah really really interesting and we did hear just a little while ago from president...
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Dec 25, 2012
12/12
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greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps. >> brown: a poet and elder statesman of greek letters, he's seen many of the hardships and horrors of greek history in the 20th century, including the german occupation in world war ii. >> here is athens during the occupation. a street in the center of athens, against the occupation. >> brown: so this was part of your life? >> somewhere back there, i'm in the crowd. >> brown: even more devastating, he says, was the greek civil war that followed, one that led to his own captivity and torture on an island prison. so you've seen much worse? >> i give always this example: that during the winter of 1940 to '41, every
greece downgraded deeper into junk." >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cart away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interesting times. >> interesting and difficult. but perhaps every interesting time is also a very difficult time, because easy times are not interesting perhaps....
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Dec 26, 2012
12/12
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greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids, gone on strike, sit down instead. tear gas lingers like a whiff of skunk.e' weep, pericles, or maybe just get drunk.n we'll hawk the parthenon to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk."ng >> brown: if these are interesting times in greece, where you can see a man crawling into a recycling bin to cartco away newspapers he'll sell for a pittance, and, of course, the weekly, sometimes daily, protest by various government workers, well, titos patrikios is a man who knows interestin
greece downgraded deeper into junk." tcr stash cash beneath the mattress, pack the trunk. will drachmas creep where euros fear to tread? if you believe the headlines, then we're sunk. a crisis that lasts for years? call it a funk. austerity starves the more its maw is fed, and downgrades all our deepest bonds to junk. every politician is a punk-- the right, the left; the blue, the green, the red; ministers in cahoots with the odd monk. we've lost our marbles. elgin took a chunk. caryatids,...
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Dec 31, 2012
12/12
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CNBC
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all those predictions were -- >> they were playing ridiculously low rates in greece too. it's a dollar bubble. it's a treasury bond bubble. will it burst in 2013? maybe. it's going to burst eventually. it has to burst. >> peter, it's not a model. it's not a model to say something bad will happen eventually. >> your model about being a pollyanna and having your head in the sand -- >> it's not. >> how did you miss the financial crisis? >> i have no idea what you're talking about, peter. i have no idea what you're talking about. i was one of the first reporters to report on the housing and the mortgage crisis. i'll show you the clips. >> you were one of the guys laughing on me when i was report -- >> like a lot of what you say is ridiculous. >> guys, guys. [ overlapping speakers ] >> time-out. >> something bad will happen eventually, peter. >> time-out guys. i have a question for you peter. you're predicting currency crisis and significant depreciation of the u.s. dollar. what is the money going to? what is a good alternative currency? >> there is no good alternative. gold i
all those predictions were -- >> they were playing ridiculously low rates in greece too. it's a dollar bubble. it's a treasury bond bubble. will it burst in 2013? maybe. it's going to burst eventually. it has to burst. >> peter, it's not a model. it's not a model to say something bad will happen eventually. >> your model about being a pollyanna and having your head in the sand -- >> it's not. >> how did you miss the financial crisis? >> i have no idea what...
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Dec 6, 2012
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look at obama's policies played out at the state level, greece, all over the world. there is no place they are working or have ever worked. but you can point to states where governor like scott walker or john kasich or rick scott are employing the conservative principles and they are attracting businesses and creating jobs. o'reilly did a great segment comparing texas and california. that is what i want to do with heritage, showcase successes we are having. to republicans concede we need more revenue in the context of not reforming entitlement or the tax code and the president wants a blank check to borrowone future, that is nuts. we should not negotiate with ourselves. stand our ground and we have a power majority in the house. the idea of the fiscal cliff -- >> bret: democrats say the argument was made in the election. won on their side. >> it didn't win in south carolina or the majority of the states. republicans elected won those elections running on the limited government and less taxes. they shouldn't give in to that. principle is wrong and the president doesn'
look at obama's policies played out at the state level, greece, all over the world. there is no place they are working or have ever worked. but you can point to states where governor like scott walker or john kasich or rick scott are employing the conservative principles and they are attracting businesses and creating jobs. o'reilly did a great segment comparing texas and california. that is what i want to do with heritage, showcase successes we are having. to republicans concede we need more...
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Dec 8, 2012
12/12
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heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on america, jim undstands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank you." becaus
heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices is he h would a lost our way that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be...
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Dec 24, 2012
12/12
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that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing. why we're in debt to begin with. >> let me say this. i don't think that using the debt ceiling and defaulting on our debt, my dear friend lindsey graham, one of my best friends in the senate, is the way to go. that's risking the united states. the president has told speaker boehner and told the country he is no longer going to hold the credit of the united states so someone can achieve a political agenda. so don't even count on bargaining over a debt ceiling. on taxes, i know it's hard for the republicans but the president ran on that platform, $250,000, no tax increase for people below but taxes for people above. he won. 60% of the voters said they were for it in the exit polls, including some republicans and yet our republican colleagues by refusing to go along with revenues are riski
that's when we'll have leverage to turn the country around, prevent from becoming greece and save social security and medicare. to anybody listening, i will raise the debt ceiling only if we save medicare and social security from insolvency and prevent this country from becoming greece. no more borrowing. why we're in debt to begin with. >> let me say this. i don't think that using the debt ceiling and defaulting on our debt, my dear friend lindsey graham, one of my best friends in the...
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Dec 31, 2012
12/12
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i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the president because he signed a bill that will save all of us from a certain fate. and our fate is being sealed as i talk unless we make changes. we cannot survive on the course we're taking today. the good news is with some bipartisanship and presidential leadership, we still have time to turn around this country and actually dominate the 21st century. it's going to take some pain, it's going to take some sacrifice, but one final story. when i was 21, my mom died. when i was 22, my dad died 15 months later. we were in -- my family owned a liquor store, a restaurant and a pool room, and everybody i k
i want to turn around the spending problem we have that will prevent us from becoming greece, and if you will lead, i will follow, and yes, i will raise more revenue in a responsible way, but without you, it's going to be hard for us to get there. so the next time we meet is going to be around the debt ceiling, and the image i want is not a bunch of people behind the president who are clapping for him, but members of congress, republicans and democrats behind the president clapping for the...
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Dec 11, 2012
12/12
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more money or any american congress borrow anymore more money until we fix this country from becoming greece. and that requires significant entitlement reform. >> meanwhile, president obama and house speaker john boehner met sunday at the white house. the spokespeople for both men said they agreed not to release details or characterize the meeting. it was their first one-on-one meeting in 18 months as boehner spokesman michael steele says he is still waiting on a counteroffer from the president to last week's republican offer. in michigan today president obama said the house just needs to pass the bill already passed by the senate. >> congress lets middle class taxes go up, economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. >> president obama still has the american people firmly on his side. this is what the republicans don't get, apparently. 60% support raising taxes on households
more money or any american congress borrow anymore more money until we fix this country from becoming greece. and that requires significant entitlement reform. >> meanwhile, president obama and house speaker john boehner met sunday at the white house. the spokespeople for both men said they agreed not to release details or characterize the meeting. it was their first one-on-one meeting in 18 months as boehner spokesman michael steele says he is still waiting on a counteroffer from the...
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Dec 28, 2012
12/12
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because they got a tax credit for hiring people if we get this under control so we are not talking about greece and we are not talking ourselves to death. the fiscal sanity then yes, why, because we have markets for products and services i predicted at that point that act would be right where we are are going to be at the end of this year. we had a year-and-a-half to come and work together and build a bridge so that we wouldn't fall off the cliff. and what did we do? electioneered waiting until they are over. when he elections are more important than governing this country coming to get into the trouble that we are in. it's not just wild spending. it's not just tax loopholes. it's about governing and fiscally managing things as you go along. and it doesn't just have to be in the white house, it has to be in congress as well. >> given the frustrations in the process, if a grandchild can to you and said i want to go into politics, would you be discouraging of their intent? >> i would be straight forward with them. when i decided i wanted to run for governor, somebody asked me if my skill was big
because they got a tax credit for hiring people if we get this under control so we are not talking about greece and we are not talking ourselves to death. the fiscal sanity then yes, why, because we have markets for products and services i predicted at that point that act would be right where we are are going to be at the end of this year. we had a year-and-a-half to come and work together and build a bridge so that we wouldn't fall off the cliff. and what did we do? electioneered waiting until...
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Dec 9, 2012
12/12
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so this particular vessel went to greece. it was their number one vessel for a long, long time until about 1991 when the greek government decided they no longer needed the vessel. within a very short time the destroyer escort service association raised nearly $300,000 to have it towed back to america. it was housed for a short time at the intrepid air c space museum in new york city. when they no longer had room for them to search for a new home. mayor jennings felt this would be a wonderful attraction on the waterfront, he was trying to revitalize the time. and now it's the only destroy air as core still afloat and america in its original world war ii configuration. this is the kind of thing that allows people to see what it was like back then, why there was world war ii and what happened and how valuable the sailors were who served aboard these vessels. it is a remarkable testimony, i think, to a degree of -- bravery of the men back in those days. >> and no more from albany, new york, with the help of time warner cable we t
so this particular vessel went to greece. it was their number one vessel for a long, long time until about 1991 when the greek government decided they no longer needed the vessel. within a very short time the destroyer escort service association raised nearly $300,000 to have it towed back to america. it was housed for a short time at the intrepid air c space museum in new york city. when they no longer had room for them to search for a new home. mayor jennings felt this would be a wonderful...
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Dec 31, 2012
12/12
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the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole coast is devastated. >> the number of ambulances to move these children is remarkable. >> and lost homes in many forms-- ♪ ♪ >> andrew breitbart died this morning, he was 43. he was a publisher, an activist and a commentator, but that says almost nothing about this force of nature. he was a big kid who treated his opponents like humans. it was never about people, it was always, always about principles. . >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was something that was a concerted effort, well organizationed, heavily armed. >> you have the american president, the secretary of state and ever
the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole...
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Dec 31, 2012
12/12
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greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this is ridiculous and we have to point out that a lot of these republicans, particularly tea party republicans, are making these statements that are simply not true. the u.s. stands no chance of defaulting on its debt anytime in your or my lifetime. >> i think i agree with you on almost all of that. i think it's worth pointing out there is a point in here the republicans are raising, which is a good one. if the deal goes through, as it's been written, the impact on long-term deficits is negligible. the debt is still on an unsustainable rising path. we've made no meani
greece is number 34. so we have more of everything than greece does. so that remarkable fearmongering about debt, which republicans are putting in, is what part of the problem is. greg, there -- the debt concern in america is real. it is real. it is nowhere near as real as people like rand paul need to make it sound. greece can't issue its own bonds. america can. there is about zero chance -- in fact, i have more chance of growing hair than the u.s. has of defaulting on its debt. i think this...
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Dec 7, 2012
12/12
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does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the influence and crashed his pickup truck killing his passenger and friend 16-year-old john luke. he pleaded guilty to first degree man slaughter in august. in the muskogee county -- it's oklahoma, district judge mike norman he sided not to give him -- decided not to give him jail time. but order to attend church regularly for ten years. i have several thoughts but let you start. eric, what do you think? >> eric: this is tough. blood alcohol is .6 or .7. double the legal limit. there are other issues. not just attend church. he has to graduate high school and graduate welding school and testing goin
does not want to follow down the path of greece. what is to blame there? too much austerity or too much taxation? we'll look at the problems inside his own party, for speaker boehner. it's friday. that means the lightning round with the panel. "special report" from washington starts at 6:00 eastern. now back to new york and "the five." ♪ ♪ >> bob: kay. there is music for you. on december 3 last year, 16-year-old tyler alfred from oklahoma was driving under the...
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Dec 8, 2012
12/12
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these types of vessels and other military aid to other countries so this particular vessel went to greece and was their number one vessel for longtime and until about 1991 when the greek government decided they no longer needed this vessel within a very short period of time, the destroyer escort sailors association raised $300,000 to have it towed back to america. it was housed for a short time at the interested air and space museum in new york city. when they no longer had room for it they had to search for a new home but mayor jennings who is mayor of the city in albany felt this would be a wonderful attraction on the waterfront which he was trying to revitalize at the time and now it is the only destroyer escort still afloat in america in its original world war ii configuration. this is the kind of thing that allows people to see what it was like back then. what happened and how valiant the sailors were who served aboard these vessels. it is remarkable testimony to the bravery in those days. >> now more from albany, new york with the help of time warner cable, we look at one of the ori
these types of vessels and other military aid to other countries so this particular vessel went to greece and was their number one vessel for longtime and until about 1991 when the greek government decided they no longer needed this vessel within a very short period of time, the destroyer escort sailors association raised $300,000 to have it towed back to america. it was housed for a short time at the interested air and space museum in new york city. when they no longer had room for it they had...
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Dec 28, 2012
12/12
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but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never cut and spending. grover norquist, here's a great example, he does not even believe in economic case multipliers. host: gary says -- guest: what's interesting about the last election cycles is we had under president bush and the end, democrats seized control of congress in big numbers. and we had the big democratic sweep with the white house in 2008. 2010, republicans came sweeping back. we've had a pendulum swing, very contractive time period. that's one of the factors. we have seen both sides really dug in because they don't k
but it's not working in greece. i heard a great saying that says when time gets tough, everyone is a keynesian. turn off the tv. not c-span of course. but turn off the news channels that are just cramming this stuff, and get involved in this before you formulate an opinion. i think we would be voted into office smarter, better people that are not tea party extremists. how about if on the democratic side grover norquist had said never cut any spending? i'm going to sign a bill that says never...
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Dec 10, 2012
12/12
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president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance raising the debt ceiling. he got elected president, not king. he is not king. he is president. martha: are you saying that republicans are willing to go to 39.6% back to that rate but the place where they will hold the line is on the debt ceiling issue. >> rates go up no matter what we do. there needs to be revenue component of any big deal. i think capping deductions is better than raising rates. there will come a day in february and march where we have to raise the debt ceiling by trillions of dollars. we're 16 trillion in debt. is it responsible to keep borrowing money and never address w
president and use your mandate to bring this country together to stop us from becoming greece? doing what boehner, tip o'neill and ronald reagan did? this political trophy you want rising rates runs the government for left len days when. it cops to debt ceiling time, mr. president, you will have a republican party make sure we save medicare and social security from bumps and save this country from becoming greece. one of his proposals we should never have any congressional check and balance...
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Dec 20, 2012
12/12
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the euro is stronger today it a lot of that based on what is happening in europe and the fact greece has gotten their fiscal house in order. >> 23 minutes past the hour your fox news minute and winter is here. severe winter weather across the midwest. blizzard conditions expected to disrupt travel plans for millions of americans that are heading out for the holidays, state from kansas to wisconsin and getting hit with massive amounts of snow and strong wind after several midwestern cities set records for the most consecutive days without any snow and a travel might barely getting worse as the weather system moved eastward. also newark, new jersey mayor cory booker-run for u.s. senate. the 43-year-old democrat breaking the news over twitter this morning, the sweet ending speculation over whether he would challenge chris christie next year, the new jersey republican whose approval rating had an all-time high after superstorm sandy. his second term as mayor ends in mid 2014. those your headlines. back to cheryl. cheryl: trying to get over those pictures oo the midwest. thank you very mu
the euro is stronger today it a lot of that based on what is happening in europe and the fact greece has gotten their fiscal house in order. >> 23 minutes past the hour your fox news minute and winter is here. severe winter weather across the midwest. blizzard conditions expected to disrupt travel plans for millions of americans that are heading out for the holidays, state from kansas to wisconsin and getting hit with massive amounts of snow and strong wind after several midwestern cities...
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Dec 10, 2012
12/12
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guest: greece used to be one of the only three non-u.s. countries in nato that was spending to% of gdp on national security. -- 2% of gdp on national security. they are now below that because it cannot afford it. host: democratic caller, new jersey. caller: i am a retired attorney colonel. i've done a lot of research on the federal budget. whenever we start talking about social security and medicare, the entitlements, and relating it to the annual budget deficit, we're making a mistake. it has no part today in a problem. the spending increases for the war and other things that we basically did not fund, the huge loss in employment in 2007 and 2008 were people stopped paying taxes and started drawing welfare, and number three, we have the tax cuts, the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is an 80-year low. we cannot fund the government with the revenues and loss in jobs that we have. host: cbo has done a study. including all par
guest: greece used to be one of the only three non-u.s. countries in nato that was spending to% of gdp on national security. -- 2% of gdp on national security. they are now below that because it cannot afford it. host: democratic caller, new jersey. caller: i am a retired attorney colonel. i've done a lot of research on the federal budget. whenever we start talking about social security and medicare, the entitlements, and relating it to the annual budget deficit, we're making a mistake. it has...
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Dec 3, 2012
12/12
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we're becoming the greece of out-of-control spending. [ ♪ dramatic ♪ ] >> it in no way does that. >> stephanie: shut down that argument. the spending graphs of who -- >> nonsense. >> also, greece is falling apart because of the austerity programs implemented by the inf and the world bank. >> stephanie: we have references on that. they're wrong wrong wrong on everything. [ wah wah ] >> stephanie: i'm flabbergasted how wrong they are. 17 minutes arrive the hour. you know what else flabbergasts me? being able to carbonate soda in 90 seconds. >> my friend had a soda stream. i got to do it. it is amazing. >> did you karate chop? >> no but it is amazing seriously. >> stephanie: you're such a sad little man. >> i don't get out much! >> stephanie: new way to enjoy great-tasting soda made fresh at home. >> i'm flabbergasted. >> stephanie: flabbergasting how good it is with bourbon. you can make it fresh at home. everybody loves a soda stream. producer geeks kids, grad parents. -- grandparents. it is smart. transforms water into fresh fizzy soda. you saw how quick. there it goes. >> we needed
we're becoming the greece of out-of-control spending. [ ♪ dramatic ♪ ] >> it in no way does that. >> stephanie: shut down that argument. the spending graphs of who -- >> nonsense. >> also, greece is falling apart because of the austerity programs implemented by the inf and the world bank. >> stephanie: we have references on that. they're wrong wrong wrong on everything. [ wah wah ] >> stephanie: i'm flabbergasted how wrong they are. 17 minutes arrive the...
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Dec 23, 2012
12/12
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here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say the president has not been willing to compromise. republican congressman from ohio on cnn this morning said the president has to act on spending before there can be a deal. let's listen to that. >> where the president has not been serious is the other side of the equation. he is all about taxes and has this mandate on taxes but the spending cuts, the need to get us out of this mess, he hasn't been serious about those and that is unfortunate. >> he is saying president obama is all about raising taxes and not about cutting spending. do you think that is true? do you think the president has brought up troupe spending cuts? >>
here. >> thanks for having me on. >> is there a chance the economy could fail on the extent of the greece economy. >> i was very optimistic on wednesday. on thursday when boehner could not get the votes from his own caucus for his own deal that definitely left me concerned. this is so reminiscent of last year the payroll tax cut where the house gop kind of fell apart and the leadership had to come from the senate so i think that is probably the case. >> republicans say...
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Dec 30, 2012
12/12
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. >> the sad news for the country is we've accomplished very little in terms of not becoming greece. it's a victory for the president and i hope we have the courage of our convictions to fight for what we believe as republicans. >> peter, what the senator is saying is this doesn't really solve the problem of the debt we're building up. >> no, it doesn't. we have all heard taxing high income individuals more would only raise 5% of the deficit. another statistics that will break your eyes. if we raised everybody's income tax by 50%, we'd likely only cut the deficit in half. that should explain to everyone why it is imperative we finally do something about rapidly escalating entitlement cost but the president refuses to come to the table. nothing is fixed in my mind more than speaker boehner saying i've offered you 800 billion in additional revenue. what do i get in return? and the president said nothing. you also counted he won the election. i have got news, whether he won the election or not,let stats about the budget are neutral and nonpartisan and mr. boehner's republicans won an el
. >> the sad news for the country is we've accomplished very little in terms of not becoming greece. it's a victory for the president and i hope we have the courage of our convictions to fight for what we believe as republicans. >> peter, what the senator is saying is this doesn't really solve the problem of the debt we're building up. >> no, it doesn't. we have all heard taxing high income individuals more would only raise 5% of the deficit. another statistics that will break...
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Dec 28, 2012
12/12
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. >> mitt romney kept saying this country could be on the road to be more like greece if we did .ot get our arms around it the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the point you can see the deficit will ultimately go away over a reasonable time, people will start investing again, hiring again, and i spoke to a business group yesterday and asked if they havwould hire just because they get a tax credit for hiring people. they said no. if you see the deficit will go away and there is hope we are on the right path to fiscal sanity, will you then hired? yes. we will have markets for our products and services and then we will need more people. we are stuck right now because all we have done for a year and a half was kick the can down the road. i voted against the act a year- and-a-
. >> mitt romney kept saying this country could be on the road to be more like greece if we did .ot get our arms around it the unemployment rate remains high. are you optimistic in the short term about our country's future. >> it is hard to be. i tried to be. if we can get this resolved, this fiscal cliff situation, and have a pathway to seeing the deficit be reduced, cannot do it overnight, if we can see there is a path, a trajectory of slowing down the growth of spending to the...
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Dec 17, 2012
12/12
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much worse than even greece. then look at demographics, a little known program that haunts japan, they are having ever fewer babies. they don't want mass immigration to top a falling population and they are living a whole lot longer. so they have a lot of seniors and a tiny up and coming generation. japan has the most extreme demographics in recorded human history. what are they doing b a it? -- about it? not much you can do to persuade liberated japanese women to have more children with very traditional japanese men. that's a huge problem. demographics, like a super tanker, it takes a long time to turn it around. but japan has just elected a new government which promises to get the country out of its 20 year malaise. how is it going to do that? the new prime minister wants to print a ton of money and huge stimulus plan building yet more infrastructure. does that ring a bell? have we seen something like that here? it really can be useful, you know, to look over there. it might show us over here where we might be
much worse than even greece. then look at demographics, a little known program that haunts japan, they are having ever fewer babies. they don't want mass immigration to top a falling population and they are living a whole lot longer. so they have a lot of seniors and a tiny up and coming generation. japan has the most extreme demographics in recorded human history. what are they doing b a it? -- about it? not much you can do to persuade liberated japanese women to have more children with very...
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Dec 2, 2012
12/12
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shelby said the world markets are watching and america may be on the verge of a disaster bigger than greece. senator shelby republican from alabama joins us live. thank you for coming in today. >> thank you. >> shannon: what do you make of where we are right now? because, you know, to hear that the treasury secretary went to the hill with the white house with the president's proposal and that republicans actually laughed because they didn't say it was believable, it sounds like we are nowhere. >> i think the real impasse. the clock is ticking. this is december. and we know what happens on december 31. but i believe the president is going to have to meet us at least halfway. if we could do this, we could do a lot of things. i think that speaker boehner, senator mcconnell want to do something. if the president is determined to have more taxes. more spending. and cuts later, that is not going to work with the republicans. if so, i hope we won't blink at the end of the day. >> shannon: i want to play a sound bite from a colleague, senator lindsey graham from south carolina. here is where he sai
shelby said the world markets are watching and america may be on the verge of a disaster bigger than greece. senator shelby republican from alabama joins us live. thank you for coming in today. >> thank you. >> shannon: what do you make of where we are right now? because, you know, to hear that the treasury secretary went to the hill with the white house with the president's proposal and that republicans actually laughed because they didn't say it was believable, it sounds like we...
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Dec 7, 2012
12/12
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heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on in america, jim understands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank
heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy...
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Dec 11, 2012
12/12
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if you look at countries as lindsey graham said, look at greece and countries like that, you don't want america to be plunged into that almost insolvable crisis. they were sensible and very funny together. a lot of very quiet exchanges with me about the constitution about gay rights and gun control and obviously i come from a country where almost everything is federal in the terms of you have a law for a country. i said in gay marriage, are you going to have a situation with guns where almost every state has different regulations. is it not time in america, perhaps truly was united on these big issues which in the end are about fairness and equality as with gay rights. they weren't having any of that. it gets lively. >> the full interview tonight at 9:00 p.m. eastern. "piers morgan tonight." please come back and visit. >> this is why you get the bond movies and i end up with denzel castoffs. >> some days you may be in a james bond movie too. >> the worst moment of my career was taking my wife to see the bond movie and see your head rear up as the star of the film. >> some day. >> i am s
if you look at countries as lindsey graham said, look at greece and countries like that, you don't want america to be plunged into that almost insolvable crisis. they were sensible and very funny together. a lot of very quiet exchanges with me about the constitution about gay rights and gun control and obviously i come from a country where almost everything is federal in the terms of you have a law for a country. i said in gay marriage, are you going to have a situation with guns where almost...
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Dec 7, 2012
12/12
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heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy to be around. when it comes to what's going on in america, jim understands that if we don't make some changes we're going to lose our way of life. that's what's driven him above all else, to try to keep our country a place to be place where you can be anything. i look forward to working with jim in the private sector. from a personal point of view, we've had a great ride together. it has been fun. it has been challenging, and i think we put south carolina on the map in different ways at different times, and to people back in south carolina, i hope if you get to see jim anytime soon, just say "thank
heritage foundation to see what we can do to improve the fate of our country so we will not become greece. no one is more worried about this nation's unsustainable debt situation than senator demint. i've seen him deinvolve over time to someone who could just not sit quietly, who had to take up the cause. in the 2010 election cycle, he was one of the strongest voices this he had would a lost our way -- that we'd lost our way in washington. jim is a kind, sincere man, an individual who is a joy...
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Dec 14, 2012
12/12
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CNBC
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i mean, the real debt ratio, if you count it like ge or ibm and greece, is 450%. it's about 260% for italy and it's about 230% for spain and all of these things that aren't counted are going to come to roost over a period of time. so i think we're in a lull right now. i think mostly because of draghi and his comments that we're going to give money forever and save the world that i think as we head into the new year that's going to come to a conclusion. >> last question, we're running short of time. if you had an extra thousand dollars to invest right now, in something simple, in any country in the globe, where would you put it and what would it be? would it be fixed income, equities? >> fixed income, as long as you can go. investment grade. there is going to be tremendous compression. and i think that's the place to be. >> i'm in agreement with you. carl, melissa, back to you. >> thanks a lot, rick. let's get over to bertha coombs for a market flash this time on u.s. steel. >> u.s. steel materials today the best performer, the best performer this week and u.s. ste
i mean, the real debt ratio, if you count it like ge or ibm and greece, is 450%. it's about 260% for italy and it's about 230% for spain and all of these things that aren't counted are going to come to roost over a period of time. so i think we're in a lull right now. i think mostly because of draghi and his comments that we're going to give money forever and save the world that i think as we head into the new year that's going to come to a conclusion. >> last question, we're running...
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Dec 29, 2012
12/12
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and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to make the kind of investment to transform the economy, to do with the reality of stagnant wages and a sense of diminished opportunities. we have strengths. we can do it. we need the public to rain and behavior that's destructive and we need political leaders to act forcefully. given enough to bipartisan commissions and searched enough for bipartisan consensus. for sensible hard all politics along these lines. >> norm, i particularly cutie take the money question. a couple political had a great shared that showed that party polarization in congress was
and are we en route to the status of greece? not at all. the simple truth is we are almost close to a position with the status quo would solve our problems. that is to say the expiration of the tax cuts pretty much take care of our intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to...
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Dec 26, 2012
12/12
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we see greece, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the siz
we see greece, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >>...